IES Holdings, Inc. $IESC Shares Purchased by SG Americas Securities LLC

Key Points

• SG Americas Securities boosted its stake in IES by 729.2% in Q4 to 11,285 shares (about $4.39M), and institutional investors now own roughly 86.6% of the stock.
• IES missed quarterly expectations, reporting EPS of $3.71 vs. $3.94 expected and revenue of $870.96M vs. $876.0M, while the stock trades near $483.85 with a market cap of about $9.64B.
• Company insiders sold a total of 20,659 shares worth ~$10.64M in the last three months (including CEO sales), and analysts’ consensus rating is Buy with an average price target of $458.00.

SG Americas Securities LLC increased its stake in IES Holdings, Inc. (NASDAQ:IESC - Free Report) by 729.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,285 shares of the technology company's stock after acquiring an additional 9,924 shares during the quarter. SG Americas Securities LLC owned approximately 0.06% of IES worth $4,390,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its position in shares of IES by 14.6% in the fourth quarter. GAMMA Investing LLC now owns 244 shares of the technology company's stock valued at $95,000 after purchasing an additional 31 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in IES by 1.0% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,955 shares of the technology company's stock valued at $1,468,000 after buying an additional 51 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in IES by 157.9% in the 3rd quarter. SBI Securities Co. Ltd. now owns 98 shares of the technology company's stock worth $39,000 after buying an additional 60 shares during the last quarter. Two Sigma Securities LLC boosted its holdings in IES by 3.2% in the 2nd quarter. Two Sigma Securities LLC now owns 1,959 shares of the technology company's stock worth $580,000 after buying an additional 61 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in IES by 91.3% during the 3rd quarter. Federated Hermes Inc. now owns 132 shares of the technology company's stock worth $52,000 after buying an additional 63 shares in the last quarter. 86.60% of the stock is currently owned by institutional investors and hedge funds.

IES Trading Up 1.5%

IESC stock opened at $483.85 on Thursday. The firm has a 50-day moving average of $469.75 and a two-hundred day moving average of $426.20. IES Holdings, Inc. has a 12 month low of $146.51 and a 12 month high of $537.70. The company has a market cap of $9.64 billion, a price-to-earnings ratio of 28.78 and a beta of 1.67.

IES (NASDAQ:IESC - Get Free Report) last posted its quarterly earnings results on Friday, January 30th. The technology company reported $3.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.94 by ($0.23). IES had a net margin of 9.70% and a return on equity of 35.62%. The company had revenue of $870.96 million during the quarter, compared to analysts' expectations of $876.00 million.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Loop Capital set a $458.00 target price on IES in a research report on Tuesday, February 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of IES in a research report on Monday, December 22nd. Finally, Wall Street Zen lowered IES from a "strong-buy" rating to a "buy" rating in a report on Saturday, February 7th. One analyst has rated the stock with a Buy rating, According to MarketBeat, IES currently has an average rating of "Buy" and an average price target of $458.00.

Insider Buying and Selling at IES

In other IES news, CEO Matthew J. Simmes sold 5,000 shares of the company's stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $506.26, for a total value of $2,531,300.00. Following the completion of the sale, the chief executive officer directly owned 93,575 shares in the company, valued at $47,373,279.50. This represents a 5.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Jeffrey L. Et Al Gendell sold 320 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $520.43, for a total value of $166,537.60. Following the completion of the sale, the chairman directly owned 10,587,161 shares of the company's stock, valued at $5,509,876,199.23. This trade represents a 0.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 20,659 shares of company stock worth $10,636,940 in the last three months. 56.43% of the stock is owned by corporate insiders.

IES Profile

IES Holdings, Inc NASDAQ: IESC is a specialty contractor providing integrated electrical and mechanical construction services, engineering, and systems integration across North America. The company focuses on delivering end-to-end solutions for commercial, industrial and mission-critical facilities, combining design, build, commission and maintenance capabilities to serve a wide range of markets.

Through its subsidiaries, IES offers a comprehensive portfolio of services including electrical distribution and infrastructure, mechanical contracting, process piping, controls and automation, energy management, and ongoing service and maintenance.

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